Litecoin price tests the resistance – Analysis - 25-01-2019

Litecoin price provided positive trading in the previous sessions to test the key resistance 33.10, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to rebound bearishly and resume the main bearish trend, which its targets begin by breaking 29.55 level to confirm opening the way to head towards 27.45 followed by 24.00 levels as next main stations.

We should note that breaching 33.10 and holding above it will lead the price to turn to rise and achieve gains that reach 38.40 on the near term basis.

Expected trading range for today is between 28.00 support and 34.00 resistance

Expected trend for today: Bearish